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Full Text of this Amendment

SA 703. Mr. COBURN submitted an amendment intended to be proposed by him to the bill H.R. 1388, to reauthorize and reform the national service laws; which was ordered to lie on the table; as follows:

At the end of the bill, add the following:
TITLE VII--MILLIONAIRE EXEMPTION

SEC. 701. EXEMPTION FOR MILLIONAIRES.
(a) In General.--Notwithstanding any other provision of this Act or any provision of the national service laws (as defined in section 101 of the National and Community Service Act of 1990 (42 U.S.C. 12511)), no wealthy individual who participates in a program under this Act or any of such national service laws may receive stipend, living allowance, education award, or other compensation by virtue of such participation.
(b) Wealthy Individual.--In this section, the term ``wealthy individual'' means an individual who is from a family with a taxable annual income of more than $1,000,000.

(As printed in the Congressional Record for the Senate on Mar 25, 2009.)